20-394. Examination of rate service
organizations and joint underwriting and joint reinsurance
organizations
The director shall, at least once every five years, make an examination of each rate
service organization. The director may, as often as considered necessary, examine each
advisory organization and each group, association or other organization filing pursuant
to section 20-391. The director shall examine only those activities conducted pursuant
to this article. The director may examine the officers, manager, agents and employees of
such organizations at any time under oath. The organization examined shall pay the
reasonable costs of such an examination upon presentation to it of a detailed account of
the costs. The organization examined shall exhibit all books, records, accounts,
documents or agreements governing its method of operation. Instead of such an
examination the director may accept the report of an examination made by the insurance
supervisory official of another state, pursuant to the laws of such state.
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